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Sep 18, 2012
09/12
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while largo and most important comes from the need to find oil in the united states where technology needs to exploit the new fields. tells you that a futures plunge takes forever. the price to climb for oil is not going to happen people. there is not a flut glut of oil. remember to buy the best of the breed. the names that are in the aih. i know my travel trust. it will be doing the exact same thing. stick with kramer. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest
while largo and most important comes from the need to find oil in the united states where technology needs to exploit the new fields. tells you that a futures plunge takes forever. the price to climb for oil is not going to happen people. there is not a flut glut of oil. remember to buy the best of the breed. the names that are in the aih. i know my travel trust. it will be doing the exact same thing. stick with kramer. i'll have more awkward conversations than i'm equipped for because i'm...
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Sep 29, 2012
09/12
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CNBC
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sadly the prison market here in the united states is enormous, about $74 billion. i think corrections corp is a pretty long runway for growth. that's considering right now only about 10% of the prison population is outsourced. the stock had a massive run. trading at 20 times last year's earnings, 10% growth rate which would ordinarily make it too pricey for me end of story. the thing is corrections corp has been rallying in anticipation of the company converting to a real estate investment trust which gets special tax treatment as long as it returns 90% of its profits to shareholders in dividends. if the irs gives them permission you could see them popping 20% on the news. if the government rejects their weak conversion, you could see a decline. i would not buy corrections corp up there. not. if you already own it scale out of it into the lead conversion which should come in about three months. remember nobody ever got hurt taking a profit. >>> next up, last friday bill in california stumped me. well, i didn't want to offer an opinion yet. he wanted my opinion on s
sadly the prison market here in the united states is enormous, about $74 billion. i think corrections corp is a pretty long runway for growth. that's considering right now only about 10% of the prison population is outsourced. the stock had a massive run. trading at 20 times last year's earnings, 10% growth rate which would ordinarily make it too pricey for me end of story. the thing is corrections corp has been rallying in anticipation of the company converting to a real estate investment...
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Sep 10, 2012
09/12
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. >> the problem with ford is not the united states where things are terrific and mark fields is on this morning saying a lot of good things. the problems are in latin america and the problems are in europe. i think the stock is just a hold, not a buy, not a sell. i need to go to gene in texas. jeanne! >> caller: yes, thanks for taking my call, jim. i'm calling about permian basin trust. >> the problem is they are cutting back. a lot of them are cutting yield and distributions. independent staying away from this group for now. let's go to sol in new york. >> caller: booyah from the big apple, jim. >> liking it. >>. >> caller: withes recent drug approvals what are your stocks on dndn? >> no, no, no. i don't like it. very cloudy future and crowded place. let's go to elvis in iowa. elvis! >> caller: booyah from des moines iowa. >> like it. >> i have a question about amorrin, fda approval a couple months ago. >> as long as you recognize this is pure speck because this had a very big move. i will bless it only as a speck. >> i need to go to john in massachusetts. >> caller: big booyah, jim. t
. >> the problem with ford is not the united states where things are terrific and mark fields is on this morning saying a lot of good things. the problems are in latin america and the problems are in europe. i think the stock is just a hold, not a buy, not a sell. i need to go to gene in texas. jeanne! >> caller: yes, thanks for taking my call, jim. i'm calling about permian basin trust. >> the problem is they are cutting back. a lot of them are cutting yield and...
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Sep 19, 2012
09/12
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KNTV
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while largo and most important comes from the need to find oil in the united states where technology needs to exploit the new fields. tells you that a futures plunge takes forever. the price to climb for oil is not going to happen people. there is not a glut of oil. remember to buy the best of the breed. the names that are in the aih. i know my travel trust. it will be doing the exact same thing. stick with cramer. buying this juicer online was unbelievable. what a bargain! [ female announcer ] sometimes a good deal turns out to be not such a good deal. but bounty gives you value you can see. in this lab demo, one sheet of bounty leaves this surface cleaner than two sheets of the leading ordinary brand. so you can clean this mess with half as many sheets. bounty has trap and lock technology to soak up big spills and lock them in. why use more when you can use less? bounty. the clean picker upper. throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day men's 50+.
while largo and most important comes from the need to find oil in the united states where technology needs to exploit the new fields. tells you that a futures plunge takes forever. the price to climb for oil is not going to happen people. there is not a glut of oil. remember to buy the best of the breed. the names that are in the aih. i know my travel trust. it will be doing the exact same thing. stick with cramer. buying this juicer online was unbelievable. what a bargain! [ female announcer ]...
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Sep 4, 2012
09/12
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china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost single handedly kept the global economy afloat during the global recession. but after playing the roe of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, the slowdown in china seems somewhat self-inflicted. governments hit the brakes and in many ways still seems like it's happening. the hope is the chinese will start cutting rates, adding real octane to the down shift in their economy. how about europe? the european central bank meeting this week and we're expecting to hear some chatter in unison that's going to ereverse the declining economies over there and maybe unite to save the spanish banking system. you can monitor these efforts by watching the largest spanish bank which has been climbing ever since it bottomed at $4 and change. $7 stock finishing up 0.18
china, europe, and the united states. look, we know that china used to be one of the world's great growth engines. it almost single handedly kept the global economy afloat during the global recession. but after playing the roe of the world's economic engine for so long, the chinese locomotive seems to be in danger of running off the rails. each piece of data is weaker than the last. so what's good about that? well, the slowdown in china seems somewhat self-inflicted. governments hit the brakes...
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Sep 24, 2012
09/12
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we're gaining market share here in the united states and the riots in china over the weekend support our notion that in the future do you want to put manufacturing facilities overseas or in the united states? this weekend is why you want to put them in the united states. >> peter, tell me what the market right now is saying to you. it would seem to me that since bernanke came out a week or so ago with the announcement of qe3 that the market has kind of moved back a little bit. we've had a few sort of down days as though the market were saying, he gave us what we expected and now it's time to get a little smart. >> it's time to get smart. the earning season could be choppy. i think a lot of people are waiting for that. actually, that's a smart move. don't think you'll see much in the next probably three weeks that will motivate anybody in either direction very seriously. i would like to say i'm a little more positive about it. i think i might be in the minority on this, but i do think we'll probably see some surprises -- >> you got the earnings season right up against the election, wh
we're gaining market share here in the united states and the riots in china over the weekend support our notion that in the future do you want to put manufacturing facilities overseas or in the united states? this weekend is why you want to put them in the united states. >> peter, tell me what the market right now is saying to you. it would seem to me that since bernanke came out a week or so ago with the announcement of qe3 that the market has kind of moved back a little bit. we've had a...
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Sep 13, 2012
09/12
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what bothers me is see a public argument between israel and the united states. you never want to see that and put it in private and have a united front in public. i would hope israelis would trust the united states we will block iran and deal with the iran question on our terms and a time of our koosing. i don't think it's smart with the israelis or prime minister to think he should attack soon. i do think there's an increasing realization within israel they're better off working with the united states on this question and not going it alone. >> thank you. thank you very much. >>> former undersecretary of state nick burns and former secretary of state paul wolfowitz and abc broadcaster, john bachelor, thanks to all of you. >>> coming up, new fed firepower sends stocks soaring, the biggest finish since 2007. >>> and is the fed carrying obama's water? has it gone rogue? is it election year manipulation and just plain old election politi politics? free market capitalism the best path to prosperity. i wish we had a whole lot more on the middle east but not much at t
what bothers me is see a public argument between israel and the united states. you never want to see that and put it in private and have a united front in public. i would hope israelis would trust the united states we will block iran and deal with the iran question on our terms and a time of our koosing. i don't think it's smart with the israelis or prime minister to think he should attack soon. i do think there's an increasing realization within israel they're better off working with the...
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Sep 27, 2012
09/12
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for 30 some years at manytendet different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy
for 30 some years at manytendet different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that...
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Sep 7, 2012
09/12
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states. it has a nationwide idea here. it has its own $5 instead of $1 niche. it doesn't sell cold weather gear. paloalto gives you cyber security. i think they will both tell us good things. tuesday morning, we hear from united natural foods. what a horse this has been. no ending to the theme of natural foods. just a limited number of players. this could refocus people on haines celestial and whole foods. neither is cheap but i think they go higher over time. mondays tend to be down days because people keep waiting for the chinese to act. we need tome the them to get busy cutting. i suspect we'll be down on monday. uh suggest you use deep in the money strategies to buy hain or whole foods. if they are down and today's losses whole foods came back the other day. unfi's numbers could get them moving. ideas. whole foods january 80 calls or february 65 calls for hain. not a lot of premium. you get stopped out t at a level higher than the stocks could go if they disappointed. how about wednesday?
states. it has a nationwide idea here. it has its own $5 instead of $1 niche. it doesn't sell cold weather gear. paloalto gives you cyber security. i think they will both tell us good things. tuesday morning, we hear from united natural foods. what a horse this has been. no ending to the theme of natural foods. just a limited number of players. this could refocus people on haines celestial and whole foods. neither is cheap but i think they go higher over time. mondays tend to be down days...
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Sep 8, 2012
09/12
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states. that's got a nation-wide idea here. it has its own $5 instead of $1 niche. it's not a store that sells cold weather gear. palo a arkz lrkz orkalo alto gi cyber security. attitude morning we hear from united statesed natural foods. what a horse this has been. no way they can get this team of natural foods just a limited number of players. i think this could refocus people on haynes celestial and whole foods, neither is cheap. i still think they represent great values and can go higher over time. mondays tend to be down days as ritual in this market. why? because people keep waiting for the chinese to act and they're still hiding on the other side. we need them to get busy cutting. if they don't i suspect they'll be down again monday. invest in the co-op strategies getting back to even to buy haynes and whole foods. today's losses whole foods came back at the end of the day. i think unfi's number could refocus people and get those two moving. whole foods january 80 calls or february 65
states. that's got a nation-wide idea here. it has its own $5 instead of $1 niche. it's not a store that sells cold weather gear. palo a arkz lrkz orkalo alto gi cyber security. attitude morning we hear from united statesed natural foods. what a horse this has been. no way they can get this team of natural foods just a limited number of players. i think this could refocus people on haynes celestial and whole foods, neither is cheap. i still think they represent great values and can go higher...
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Sep 27, 2012
09/12
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hepatitis c is about five times more prevalent than hiv here in the united states. there's about four to five million people infected with hepatitis c and about 2/3 of those individuals are unaware of their infection. there's a huge reservoir of unprotected infection. >> when i go to my doctor, should i be asking for a hep c test? >> the cdc just recommended that all baby boomers, everybody born between 1954 and 1965 be tested for hepatitis c. >> and that's your product that we'll be using. >> absolutely. it's a 20-minute test, it's highly accurate, it's laboratory accurate and it's out there in the market right now. >> we had the ceo on his big tv show. you have got a genetic problem that is and -- >> they are the market leader in oral collection systems for molecular diagnostic, ancestry.com makes their products and makes it available to their products so they can get better information about their gene yolg. there's another company that provides a consumer service for people who want to know what their genetic profile and any genetic risks. >> i don't want to emb
hepatitis c is about five times more prevalent than hiv here in the united states. there's about four to five million people infected with hepatitis c and about 2/3 of those individuals are unaware of their infection. there's a huge reservoir of unprotected infection. >> when i go to my doctor, should i be asking for a hep c test? >> the cdc just recommended that all baby boomers, everybody born between 1954 and 1965 be tested for hepatitis c. >> and that's your product that...
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Sep 12, 2012
09/12
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not just the united states. if only washington would recognize the imperative using our plentiful natural gas of which chesapeake is the second largest producer as a surface fuel. that's the issue, surface fuel. because of their battle for oil supplies if we were simply to harness the energy the continental chesapeake eog oil and gas, range, so many others have found in the last three years? all washington has to do is announce it supports natural gas for a fuel of service vehicles and it'll switch the fleets including the post offices trucks to nat gas. that would cause the big oil companies to convert their gas stations to include liquefied natural gas to compressed natural gas which would allow us to cut back on our oil imports for trucks. they consume about 25% of what we bring into this country. there are multiple reasons, cheaper fuel costs for americans. but ladies and gentlemen, it's the national security angle that matters more than any other. as we see what's going on in the middle east right now, and
not just the united states. if only washington would recognize the imperative using our plentiful natural gas of which chesapeake is the second largest producer as a surface fuel. that's the issue, surface fuel. because of their battle for oil supplies if we were simply to harness the energy the continental chesapeake eog oil and gas, range, so many others have found in the last three years? all washington has to do is announce it supports natural gas for a fuel of service vehicles and it'll...
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Sep 13, 2012
09/12
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both natural gas going higher in the united states, making coal a little more advantageous, and using some signals that you follow closely in china, maybe some improvement there in july. has it continued along these positive lines? >> yeah, jim. we continue to believe that the markets, both in the u.s. and in china, have sort of found their bottom and they're beginning to move sideways right now. which is good because it's indicating a sign of stability. we do see an up side in both markets, and probably more evidence of that in the u.s. market right now because it took the decline sooner than china. but we have a lot of indicators that tell us that china's going to be stabilized for a while and begin to recover as well. so we feel pretty good about both markets. i just want to add that our business is largely driven by after-market, which is much more stable than original equipment. we do see volatility out of these markets on project expansions, which drive the demand for original equipment. the after-market subpoena much more stable for us and gives us that stability overall. we ca
both natural gas going higher in the united states, making coal a little more advantageous, and using some signals that you follow closely in china, maybe some improvement there in july. has it continued along these positive lines? >> yeah, jim. we continue to believe that the markets, both in the u.s. and in china, have sort of found their bottom and they're beginning to move sideways right now. which is good because it's indicating a sign of stability. we do see an up side in both...
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Sep 28, 2012
09/12
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. >> the inflation in the united states is clearly in the bottle, but it could just as easily get out of the bottle. is that your thesis for 2013? >> inflation is one of the risks of the thesis. the banks are being accommodating. one thing to remember the key factor would be velocity of money. it only goes up if lending increases and so an early beneficiary of that would be citigroup so you can think about that in the early days of that process as being a partial hedge. >> if rates go up for the wrong reasons, it could completely -- everything could get ratcheted down. isn't that true? >> i think we're quite a ways away from that risk playing out. we haven't seen much evidence of inflation so far. so we think that before you get anywhere close to that point, there will be opportunities for the fed to retreat from their strategy. but the other thing i want to touch on is what if rates go up? that's a positive for the net interest margins for citigroup. >> i want to interrupt quickly. just saw a flash that 49 billion is the need for capital for the nationalized banks in spain. that may
. >> the inflation in the united states is clearly in the bottle, but it could just as easily get out of the bottle. is that your thesis for 2013? >> inflation is one of the risks of the thesis. the banks are being accommodating. one thing to remember the key factor would be velocity of money. it only goes up if lending increases and so an early beneficiary of that would be citigroup so you can think about that in the early days of that process as being a partial hedge. >> if...
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Sep 5, 2012
09/12
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natural gas in the united states is cheaper than foreign locales. we have that as a cost advantage. we have cheaper electricity and better equipment on the ground. i would see u.s. exports of refined petroleum products continuing to grow, help the manufacturing centers, helping our business. >> say i'm a businessman with a lot of money. i listen to you. i want to open a refinery right next to you. is it tougher to site a refinery than we think? >> incredibly tough. >> we buihaven't built a lot. >> we modernized the plants we have. a year, two years in permitting, three or four in execution. building refineries in the country, very tough to do. the most lukely place it will happen is in the backyard of the existing plants. that's what we are doing for example in woods cross near salt lake city, utah. expanding from 30,000 to 44,000 barrels a day. >> one last question. i'm thinking why don't you own a thousand gas stations? you have the low cost refined product. you sell it to people. the other guys i follow have stations do they have the wrong model? >> we have high returns to capita
natural gas in the united states is cheaper than foreign locales. we have that as a cost advantage. we have cheaper electricity and better equipment on the ground. i would see u.s. exports of refined petroleum products continuing to grow, help the manufacturing centers, helping our business. >> say i'm a businessman with a lot of money. i listen to you. i want to open a refinery right next to you. is it tougher to site a refinery than we think? >> incredibly tough. >> we...
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Sep 26, 2012
09/12
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states. the diverse portfolio of high-quality stocks, income producers, and growth stocks with solid dividend boosts. and of course, some gold. these have all been the correct calls to make. i've stuck with it because i believe the europeans are not suicidal. so far, so good on that front. i believe the chinese economy will simply come back by the virtue of the fact there is still tremendous urban migration within china. i believe the accommodative stance will serve as a bridge over a troubled fiscal cliff and will not take us down. at the same time, the fed's stance will continue to make higher dividend-paying companies in to gems that will all speak as a way to generate income. we'll continue to want to buy the stocks of cash-rich countries with yields that well exceed treasuries. and yes, we're going to want to own a lot of gold, specifically because there isn't a nation that doesn't want its currency lower in order to spur growth. you need a real reserve currency, not the dollar, and that
states. the diverse portfolio of high-quality stocks, income producers, and growth stocks with solid dividend boosts. and of course, some gold. these have all been the correct calls to make. i've stuck with it because i believe the europeans are not suicidal. so far, so good on that front. i believe the chinese economy will simply come back by the virtue of the fact there is still tremendous urban migration within china. i believe the accommodative stance will serve as a bridge over a troubled...
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Sep 24, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. >>> why is no one worried about the transports? here's a question i was asked three times on friday. three times this weekend online. until the rebound today, this group has been horrendously weak. lots of people actually really are worried about the transports or they wouldn't be asking about them. second, it doesn't seem to matter that lots of people are worried about the t
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy....
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Sep 14, 2012
09/12
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we need that here in the united states, too. we have to get our mojo back. >> we have to leave it there. congratulations. we wish you lots of luck. >> watch the space, entrepreneurs in greece. >> well. joe. >>> coming up, bart chilton has september a letter to ben bernanke, and we'll see the note even before he does. >>> best and worst cities for travel taxes revealed. here's today's road warrior report. business travelers visiting the windy city will be hit by a storm of taxes. that's according to a brand new study released by the global business travel association. they claim chicago hits u.s. travelers the hardest when you combine sales and travel taxes to the tune of more than $40 per day. on average that's 81% higher than ft. lauderdale, florida, has has the lowest tax burden of just over $22 per day. the chicago convention and tourism bureau didn't respond to our request for comment. see the full list of the best and worst cities for travel taxes at road warrior.cnbc.com up. a short word that's a tall order. up your game.
we need that here in the united states, too. we have to get our mojo back. >> we have to leave it there. congratulations. we wish you lots of luck. >> watch the space, entrepreneurs in greece. >> well. joe. >>> coming up, bart chilton has september a letter to ben bernanke, and we'll see the note even before he does. >>> best and worst cities for travel taxes revealed. here's today's road warrior report. business travelers visiting the windy city will be hit...
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90
Sep 13, 2012
09/12
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universities, over 40 universities in the united states and we've created over 20 companies to date and hundreds of jobs in those companies. >> a lot of people believe in this charged election season that business and the government can't work together, can't collaborate. i assume that this is an example that you would say belies that premise. >> we absolutely agree that the government and private equity can work together. there are many challenges that the dod is facing and they're coming up with solutions, technical solutions to that in cyber security, in wireless communications. those things have direct applications to the commercial marketplace and we can create companies around those and go to market here in the u.s. with them. >> give me some examples where in the past, defense oriented technologies or defense developed technologies have become a successful private market products and tell me as you think about this intellectual property that the government owns, what do you think has the most promise now for the next gen products? >> dod labs had had long been a rich source of in
universities, over 40 universities in the united states and we've created over 20 companies to date and hundreds of jobs in those companies. >> a lot of people believe in this charged election season that business and the government can't work together, can't collaborate. i assume that this is an example that you would say belies that premise. >> we absolutely agree that the government and private equity can work together. there are many challenges that the dod is facing and they're...
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Sep 7, 2012
09/12
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i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking.
i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada......
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Sep 20, 2012
09/12
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. >> the united states has not had a current the account surplus since 1991. if we were on the gold standard, we just might not have anymore gold left. >> didn't we pass that so long ago? >> the dollar is not a weak currency. the dollar probably needs to be weaker in order to be more competitive, but you can't say that about every currency in the world. certainly in japan the currency has gotten too strong and you now they have the additional problems because of all of the riots going on, the conflict in china over these islands. and that's going to hurt japan again. so japan needs more than just a currency fix. the united states i think you can argue the currency is overvalued in a more fundamental way, but japan has lots of problems. >> do you play currencies? good >> only through companies listed in the u.s. we're not hedging. >> not hedges because -- >> because if we knew where currencies have gone, you'd be the smartest person around. the euro goes to 1.30 -- so it's hard. you have to get fundamentals right and then currency will take care of it. >> what'
. >> the united states has not had a current the account surplus since 1991. if we were on the gold standard, we just might not have anymore gold left. >> didn't we pass that so long ago? >> the dollar is not a weak currency. the dollar probably needs to be weaker in order to be more competitive, but you can't say that about every currency in the world. certainly in japan the currency has gotten too strong and you now they have the additional problems because of all of the...
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Sep 20, 2012
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fundamentals here in the united states. and the continual demographics in trms of what we would see with people putting money into bond funds. all that has continued. all those fundamental reasons have happened. what i can now say, i guess we'll call it a bit of a mea culpa call, i'll withdraw this idea i think we can see the 1%. i think the low, in fact, was hit for this year, for 2012, during the period of the summer right after i visited with you when we did hit about a 1.21 yield on that 10-year. here's the reasons why. some of it you heard yesterday with jeffrey gundlach. you've now got not true price discovery. a manipulated bond market because of the fed. as a result of that and the fact they are now targeting a certain sub sector, you will continue to see people fearful. the main fear here is that the chinese will start to sell u.s. government bonds to deal with their own problems and as a result of that all the flows in the manipulated market we have can pretty much tell you we will not see that 1% print this year.
fundamentals here in the united states. and the continual demographics in trms of what we would see with people putting money into bond funds. all that has continued. all those fundamental reasons have happened. what i can now say, i guess we'll call it a bit of a mea culpa call, i'll withdraw this idea i think we can see the 1%. i think the low, in fact, was hit for this year, for 2012, during the period of the summer right after i visited with you when we did hit about a 1.21 yield on that...
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Sep 21, 2012
09/12
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one of the many topics we covered was the possibility of a significant downturn in the united states economy. >> so if you have a downturn, there's a possibility that you don't have that right mix and that you could have a downturn. the odds of that are comparatively low but i worry about it because it's significant possibility. i described it as though, imagine you're on an airplane that's flying from here to los angeles, you're probably going to get there okay but if you hit an air pocket and meaning if the economy goes down, there's not an easy way to reverse it. monetary policy is less effective because when you buy a bond, when the federal reserve makes a purchase, that has the effect of giving money to somebody who won't put that money into something like that bond. and that money does not easily go to people who spend it, that's a balance between monetary and fiscal policy and i worry about the policymakers getting that balance right. that's a possibility and a scary possibility. other than that, i think the most likely situation is we will fly successfully from here to los an
one of the many topics we covered was the possibility of a significant downturn in the united states economy. >> so if you have a downturn, there's a possibility that you don't have that right mix and that you could have a downturn. the odds of that are comparatively low but i worry about it because it's significant possibility. i described it as though, imagine you're on an airplane that's flying from here to los angeles, you're probably going to get there okay but if you hit an air...
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Sep 21, 2012
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states and overestimating the risks within the united states. >> he's talking about the stock market rising possibly 40% over the next two years. is he right? >> god bless him. i hope he's right. i'm quite bullish. i'm not sure i'm quite that bullish, but i hope he's right. i think if that's going on happen, the profit cycle must begin to turn off. you kneed the s&p 500 profit cycle to turn up. i think if that happens in conjunction with lower interest rates, then, yeah, i think you could about the build up. if you had that confluence of events, yeah, you could melt up. >> there also is a possibility, rich, that profit cycle does slow down, but they take all that cash and they buy back 8 billion in stock like nike or they boost the dividend like cisco. >> exactly. or they start buying smaller and midcap companies that kooem keep growing. they're eventually going to have to buy growth. it's my opinion they're going to go down to midcap and smaller cap companies to buy that growth over the next couple of years. >> good stuff. have a great weekend. >> thank you. see you later, guys. >>>
states and overestimating the risks within the united states. >> he's talking about the stock market rising possibly 40% over the next two years. is he right? >> god bless him. i hope he's right. i'm quite bullish. i'm not sure i'm quite that bullish, but i hope he's right. i think if that's going on happen, the profit cycle must begin to turn off. you kneed the s&p 500 profit cycle to turn up. i think if that happens in conjunction with lower interest rates, then, yeah, i think...
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Sep 27, 2012
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we do a great job of measuring the economy in the united states of the 1950s. you can get five different prices for turkey but it's a service sector economy and we don't get any real time data on that. sometimes that's what surprises the economists here. >> i'll thank steve and rick our guest host remains tom stemberg, sticking around for the rest of the party. he's a really know campaign surrogate and founder of staples and i wanted to get your thoughts on staples. i know you're not involved right now but there's been lots of talk about what's happening to that company including the possibility it may get bought again possibly even by bain. >> i don't want to talk about staples but the industry has struggled. they try to be technology player bus they don't have apple, the leading technology vendor. we got blocked inspect ftc, the if, tc was wrong and i think industry would benefit greatly from a merge are of three down to two. >> office depot. >> office depot, office max and staples, there really should be two companies and finally becky's issue about internet
we do a great job of measuring the economy in the united states of the 1950s. you can get five different prices for turkey but it's a service sector economy and we don't get any real time data on that. sometimes that's what surprises the economists here. >> i'll thank steve and rick our guest host remains tom stemberg, sticking around for the rest of the party. he's a really know campaign surrogate and founder of staples and i wanted to get your thoughts on staples. i know you're not...
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Sep 26, 2012
09/12
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the government wanted to increase the home ownership in the united states. so much of the financial crisis written is not true. i had the opportunity, i was ceo of bb & t for 20 years, larry and i were just talking about, we met years ago, i knew bernanke, knew greenspan, all the ceos of large financial institutions and this is, i believe, the first book that actually tells people what really happened in the total context. going back to the early '70s, working through what happened with community reinvestment act, freddie and fannie. the impact on decision makers, a lot of books written by congress that don't really understand what the impact of regulations have on people trying to make decisions. if somebody threatens to put you in jail, closes your bank down, you're going to do things that you may have a lot of discomfort with. and this is something joe would be interested in. i talk a lot about philosophy. bb & t did better than any other institution. all of our management, and another reason, this is interesting, i think a lot of ceos were victims of wha
the government wanted to increase the home ownership in the united states. so much of the financial crisis written is not true. i had the opportunity, i was ceo of bb & t for 20 years, larry and i were just talking about, we met years ago, i knew bernanke, knew greenspan, all the ceos of large financial institutions and this is, i believe, the first book that actually tells people what really happened in the total context. going back to the early '70s, working through what happened with...
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Sep 21, 2012
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those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under constant pressure to sell. they're monitored by cameras in the stores and looking for things like a 13th month of pay as a bonus, higher pay and water fountains in the store. some of these things are standards for french workers, but they're complaining that apple has been extremely resistant to provide them these things. in fact they say they've been fighting for three years for the 13th month of pay. so at the end of yesterday, there was a sort of last resort meeting at which it was decided that these issues would be revisited before the end of the year, that the company would consider them
those viewers in the united states waking up, why are the apple workers in paris upset? >> for the last week, they've been extremely it is grunt he willed. all over the french media, they've been meeting with different management, complaining, in pact one of them was quoted as saying working at apple is like working in a coal mine. they've been complaining that they have to work longer hours than what they're paid for, that they don't get any commissions uneven though they're under...
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Sep 5, 2012
09/12
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united states continued a four-year slide to the seventh spot. separately, a judge ruling amr can abandon its pilot's union contract. saying the bankrupt parent of american airlines corrected certain issues that caused him to reject the same request in the past. amr is trying to save more than $1 billion a year in labor costs. it can unilaterally impose work terms on its pilot, all is happening as talks between amr and u.s. air continue. >>> in the meantime, a very complicated story. we've been trying to follow the twists and turns. the fbi now says there is no evidence to support claims that hacking group anonymous infiltrated an fbi agent's laptop and lifted data for more than 12 million apple products. however the front page of "the financial times" lays it out and says hackers embarrass apple with this data release. there were over a million different devices, numbers were published online. this is a story that has many odd twists. the hackers said they would not give any interviews about this breach until a gawker posed with a ballet tutu wi
united states continued a four-year slide to the seventh spot. separately, a judge ruling amr can abandon its pilot's union contract. saying the bankrupt parent of american airlines corrected certain issues that caused him to reject the same request in the past. amr is trying to save more than $1 billion a year in labor costs. it can unilaterally impose work terms on its pilot, all is happening as talks between amr and u.s. air continue. >>> in the meantime, a very complicated story....
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have left what's the lesson for the united states and. the lesson is it can happen here it's naive to imagine that the same process the same crisis the same bailout program help the top hope it trickles down pretend it doesn't matter when it doesn't that pushing on the mass of the people. which will resume here right after the election is going to provoke the american people just as it has the greek the spanish the italians the portuguese and so on very very quickly do you think there's any chance if obama is re-elected and there's a democratic majority in congress that we might see an f.d.r. direction rather than an austerity direction not until there's a mass of people it was the unions the cia all the socialists the communists in america who forced it from below until we have renewed up by wall street or some equivalent the pressure won't be there and there's no indication from the obama administration that they would react to anything other than real pressure from below so that's the question i think you're absolutely right richard we
have left what's the lesson for the united states and. the lesson is it can happen here it's naive to imagine that the same process the same crisis the same bailout program help the top hope it trickles down pretend it doesn't matter when it doesn't that pushing on the mass of the people. which will resume here right after the election is going to provoke the american people just as it has the greek the spanish the italians the portuguese and so on very very quickly do you think there's any...
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Sep 11, 2012
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states, and so many people who died were in the financial industry. i knew several and so i think our actions can be driven by the shareholders and if it's not driven by the shareholders, then it will be driven by the regular gla glators and part of the action is encourage the large banks to spin off certain underperforming divisions so the valuation could increase and right now the sum of the parts for many of these banks are far above where these market values exist. >> okay, mike. we appreciate that sentiment and the point. back to jamie dimon for a second and this idea of splitting up the banks. you raised this issue with him. what was his answer? >> he didn't say never, and the debate with jamie dimon got heated last thursday when i met with him, he's ceo of jpmorgan as you know, and he said if the discount is 50% and the businesses are no worse off, then he'd consider it, even jamie dimon would consider a splitup. he said it's extremely unlikely, they have all sorts of synergies and they don't see that sort of discount. having said that if you t
states, and so many people who died were in the financial industry. i knew several and so i think our actions can be driven by the shareholders and if it's not driven by the shareholders, then it will be driven by the regular gla glators and part of the action is encourage the large banks to spin off certain underperforming divisions so the valuation could increase and right now the sum of the parts for many of these banks are far above where these market values exist. >> okay, mike. we...
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Sep 10, 2012
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states and other parts of the world rally off the back of this notion of china stimulus, are all those things built on false expectations? >> we need to look at those charts. and most of those charts have fallen very sharply in the last two months. so what we experience through our trading book on friday with short coverings, we didn't see long-only investors coming in and buying stocks this morning. what i do think is different and you've highlighted that asia has recovered -- talking about a recovery -- the local investors do seem to be more excited by this new story than we've seen for some period of time. particularly noting that cement stocks rallied quite hard today in shanghai. so that is interesting that the local investors are somewhat more enthused about this story than we've seen for months. >> okay. adrian, thank you so much for phoning in. we appreciate it. adrian mowat of jpmorgan. >>> it's interesting this morning that stocks are essentially hanging on to the sharp gains that they made last week. clearly hopes are high that the fed will announce further monetary easing t
states and other parts of the world rally off the back of this notion of china stimulus, are all those things built on false expectations? >> we need to look at those charts. and most of those charts have fallen very sharply in the last two months. so what we experience through our trading book on friday with short coverings, we didn't see long-only investors coming in and buying stocks this morning. what i do think is different and you've highlighted that asia has recovered -- talking...
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and god bless these united states. ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> for as long as i've known him, joe has never given up, never failed to see the possibilities, and never had any doubt about who he's fighting for. and as long as he has the privilege of serving this nation, i know from the bottom of my heart that he will continue to fight for you every day. >> vice president joe biden's wife, dr. jill biden, the vice president took the stage setting the stage for president obama. let's take a look at some of his speech. >> tonight what i want to do is tell you about my friend barack obama. no one could tell
and god bless these united states. ♪ ♪ ♪ ♪ ♪ ♪ ♪ [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free...
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Sep 19, 2012
09/12
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panetta said the united states is concerned about east asian maritime security. >> the point of this is to send a very positive message to all the nations of this region and the world that we intend to establish a relationship that is healthy, stable, and reliable and continuous. >> he says he hopes to resolve the problem through peaceful kie log but japanese leaders are fully responsible for the unrest. >> translator: china is watching the developments very closely. we have the right to take further action. >> chinese state news reported he came out in opposition to comments panetta made in tokyo. the u.s. defense chief said the san can you can you islands lie within the area covered by the security treaty. he added china expects the u.s. to maintain the neutral stance regarding conflicting claims of sovereignty. business leaders in china are responding in different ways. yucat how are business leaders and business people dealing with the situation? >> many japanese shops and factories were closed yesterday and protests continued to affect firms in the country and some businesses ar
panetta said the united states is concerned about east asian maritime security. >> the point of this is to send a very positive message to all the nations of this region and the world that we intend to establish a relationship that is healthy, stable, and reliable and continuous. >> he says he hopes to resolve the problem through peaceful kie log but japanese leaders are fully responsible for the unrest. >> translator: china is watching the developments very closely. we have...
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Sep 26, 2012
09/12
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he did not mention the united states by name. >> the centers of power have entrusted themselves to the devil immigrants -- ignorance and discrimination in every part of the world. >> the united states and israel say there is a cover for weapons. >> new at 6:00 one student was walking to school two weeks ago when he was shot and killed, marckel ross, and his murder is still on the loose. >> this will -- this will start about one hour from now, and this is the second time the prince george's county police have met with parents and students here at central high school. they are looking for any information that could lead to unrest and students said they would like to see the same -- that could lead to an arrest. >> this still has a big effect on the school because he was a big part of it. he was really popular. >> he was also a member of the rotc program. they say it is frustrating to hear about no arrest yet. >> it is kind of irritating to the people who really knew him. >> but he is not the only one of questions surrounding the murder. he was gunned down as he was walking to school the
he did not mention the united states by name. >> the centers of power have entrusted themselves to the devil immigrants -- ignorance and discrimination in every part of the world. >> the united states and israel say there is a cover for weapons. >> new at 6:00 one student was walking to school two weeks ago when he was shot and killed, marckel ross, and his murder is still on the loose. >> this will -- this will start about one hour from now, and this is the second time...